Tucson, AZ - Take 5 Oil Change (E Speedway)

Description:

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Take
5 Oil Change investment property located in Tucson, Arizona. The tenant, Take 5 Oil Change will sign a brand-new, 15-year lease at the close of escrow with 6 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Take 5 Oil Change is the fastest growing oil change concept in the U.S. with more than 1,000 locations in 42 states with an additional 300+ sites in the pipeline.

The property is located along E Speedway Blvd, which averages 89,300 vehicles passing by daily and is a major retail thoroughfare serving the city of Tucson. Additionally, the property is positioned just east of Interstate 10 (195,300 VPD), a major east/west travelling thoroughfare connecting Los Angeles to El Paso. Furthermore, the asset is located a couple blocks from a Sprouts-anchored shopping center, helping draw consumers into the trade area. Moreover, Take 5 is located less than 1.5 miles from El Con Mall, A 1,200,000 square foot shopping mall anchored by Walmart Supercenter, Home Depot, Target, Cinemark, and a 205,000 square foot convention center. The property is in the center of a primary retail corridor with national/credit tenants such as a Walmart Supercenter, Costco Wholesale, The Home Depot, Target, Marshalls, Burlington, Fry’s Electronics, and more, further increasing consumer traffic to the site. The subject property is in close proximity to Rincon High School, a local school with 1,400 students. The 5-mile trade area is supported by a population of over 281,800 with an average household income of $76,586.